Self custody or custodial solutions? Why not both asks Will Peck, the head of digital assets at WisdomTreeETFs . (Reporting via coindanslecoin)
While some experts believe that self-custody is one of the genuine purposes of crypto, this way of storing coins is not really suitable for everyone, according to a WisdomTree executive.
Will Peck, head of digital assets at New York-based asset manager WisdomTree, believes that self-custody will be a growing trend in the future, but custodial solutions should not be underrated. Some crypto users prefer to self-custody, and WisdomTree supports and respects that decision, the exec said in an interview with Cointelegraph. “That will be a growing segment of the market, and over time we want to build products and services for them,” he stated.
According to Peck, well-structured custody solutions, including products like crypto exchange-traded products or regulated custody tools, can make crypto more accessible to a broader range of people. However, it requires vigilance and understanding of what users actually sign up for to avoid any risky activities with customers’ assets.
“If you’re concerned about"not your keys — not your coins," you should just understand who this firm is, what the reputation is, how they are embracing regulation, or they are not embracing regulation,” Peck said. He added that self-custody has been trending in the community over the past few months as firms like the“They were doing incredibly risky things with those deposits,” Peck noted.
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